https://komonews.com/news/business/trou ... 02-20-2019
CVS took a $2.2 billion charge in Q4 2018 (on top of a $3.9 billion earlier charge) for losses incurred from their underperforming long-term care services business acquired from Omnicare in 2015, and have lowered earnings guidance for 2019.
Big losses at CVS
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Brian Lutz
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Brian Lutz
- Store Manager
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- Status: Offline
Re: Big losses at CVS
The article seems to imply it was an institutional customer, probably an operator of long-term care facilities.